State Compensation Insurance Fund
Board of Directors
Audit Committee
May 12, 2011
8:00 a.m.
Omni San Francisco Hotel
Russian Hill Room – 2nd Floor
500 California Street
San Francisco, CA 94104
COMMITTEE MEMBERS
Francis E. Quinlan, Chair
Steven L. Rank
William Zachry
Sheryl A. Chalupa (Alternate)
| OPEN SESSION | 8:00 a.m. |
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| Action/Frank Quinlan | 1. | Call to Order and Roll Call |
| Action/Frank Quinlan | 2. | Approval of March 17, 2011 Open Meeting Minutes |
| Attachment | ||
| Information/Marie Wardell | 3. | Completed Closed Audits |
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| Attachment | ||
Action/Bill Zachry |
4. | Audit Committee Charter |
| Attachment | ||
| Action/Frank Quinlan | 5. | Public Comment on Appropriateness of Closed Session for Items 8 through 14. |
| Information/Frank Quinlan | 6. | Public Comment |
| CLOSED SESSION | ||
| Action/Frank Quinlan | 7. | Approval of March 17, 2011 Closed Meeting Minutes |
Information/Leigh Wilson |
8. | Independent Auditor’s Preliminary Report 2010 |
Information/Marie Wardell |
9. | Update on 2010 Outstanding Audits and Investigations |
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Information/Peter Guastamachio |
10. | Premium Audit Review |
| Information/Maryann Lazernik | 11. | Anti-Fraud Audit Review and Strategy |
Information/Shaun Coyne |
12. | Document Protection, Retention and Destruction Policy |
Information/Andreas Acker |
13. | Update on SVP Internal Affairs Position [Government Code Sections 11126(a),(j)(4)] |
| Information/Frank Quinlan | 14. | Audit Considerations Related to the Strategic Plan [Government Code Sections 11126(j)(4)] |
| OPEN SESSION | 9:45 a.m. or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Frank Quinlan | 15. | Call to Order and Roll Call |
| Information/Frank Quinlan | 16. | Committee Member Presentations |
| Information/Frank Quinlan | 17. | Proposals and Suggestions for July 14, 2011 |
| Next Committee Meeting July 14, 2011 | ||
Note: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to take action. Any agenda item from a properly noticed Committee meeting held immediately prior to this Board meeting may be considered by the Board. Agenda items may be taken out of order with the approval of the Chairperson. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item.
